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20121205
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CNBC 45
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English 45
Search Results 0 to 44 of about 45 (some duplicates have been removed)
CNBC
Dec 11, 2012 4:00am EST
with some employers who might not agree with future education. >> and a little bit of a rebound shaping up on wall street. >>> welcome back to "worldwide exchange." i'm kelly evans. progress is reportedly being made in talk toes avoid the u.s. fiscal cliff. another top republican lawmakers offers an olive branch to the white house. >>> and sylvia berlusconi accuses the current premier as being german-centric. >>> and the dfw returns to a new year high. >> you're watching "worldwide exchange." bringing us business news from around the globe. >>> 13220 is the level of the dow. the nasdaq is trying to add five of six points. we're seeing a bit of a rebound shaping up here in the red. the ftse global 300 is up about .2%. for the most part, it's all green across europe. the ftse 1100 adding .2%. the xetra dax and cac 40 in germany, paris, better than .5%. up 1% after falling double that yesterday. we're seeing gains in italy and portugal, ross, as invest everies have now perhaps priced in the latest turmoil in italy. >> absolutely. meanwhile, unemployment may have ticked down 7..7%. 10.9% for t
CNBC
Dec 7, 2012 1:00pm EST
, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back to "power lunch." i'm courtney reagan with a quick "market flash" for you. we want to take a look at shares of apple. we've been watching
CNBC
Dec 4, 2012 7:00pm EST
in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> cnbc's jane wells joins us now with the latest. >> they say it is not about the money. federal mediate or has been hir. ships are backing up. companies like home depot say it is starting to impact their supply chains. here is the issue. it doesn't appear to be about the money. up to 11 weeks of days off. theion onwants fellow union members to fill in on those dates and management doesn't want to do that if those people aren't needed. the union is using technology which is decreasing the need for people. >> like computers. >> yes. >> this is one of your greatest moments. 11 weeks off and guaranteed security. did i get that right? >> yes, you did. but the bigger issue here they say is the guaranteed job security. they say we will feel it is guaranteed if you put language in the contract saying you will never outsource these jobs. management not willing to do that. >> i didn't know such a thing was still debated. that is incredible. >> many tha
CNBC
Dec 4, 2012 11:00pm EST
. i'm not here to make friends. my job is not just to teach and entertain, but to educate. so call me. all right let's be honest. if you are like me, and you are thinking this whole kit and caboodle, it is getting real on exhausting. it's getting real on the market. one, it's very hard to pry off. and today's blah action again. nasdaq giving up 1.87%. fortunately we'll hear from a real banker. later in the show. heard about a weakened consumers today from not only than darden. a particular favorite to the "mad money" stf. stock pummeled and finished down. a stable operation. it yields an astounding 4.22%. scoop it up. but, may not be the protection. it doubles the tax on dividends. can't be in there saying -- darden. one of the biggest retail juggernauts. the gap. sales have become sloppy to surrender $3.57 or 10%. although that doesn't spell the death of retailers, we go off the charts tonight. sectors are really doing -- how are they doing? we just witnessed -- relentless pressure in the oil sector. the department doesn't believe going over the cliff will stifle energy command. toda
CNBC
Dec 5, 2012 7:00pm EST
to educate him. and i am very passionate as many americans are about our second amendment rights, and so i was originally just trying to explain to him. i wasn't trying to be nasty. i was really trying to make him understand where this debate was coming from, and he backed me into a corner and so i came back with a musket. >> well, i think that musket thing was absolutely terrific. but i've got to ask you, i need some help here. i'm going on the piers morgan show tonight. we're going to talk about taxes and regulation spending. so i'm not going to tweet, carol. i'm actually going to be there signature across from him. what should i do? >> i think you'll be fine. piers kind of tends to go to the socialist side of things. he's from britain originally, and he doesn't understand the capitalist system all the time. so i think if you and i just keep educating him, keep explaining to him things like the second amendment, like the free enterprise system, like capitalism, i think eventually it will get through to him. >> how is free enterprise doing? how is free market capitalism doing? i'm kind of
CNBC
Dec 6, 2012 1:00pm EST
with manufacturing that have left the u.s. not necessarily people but the education stops producing them. >> that's sad. how do we get that back? sbl well, it is a concerted effort to get them back. with this project that i've talked about where we will do a mac in the united states next year? i think this is a really good another step for us. the consumer electronics world was really never here. so it is not a matter of bringing it back, it is a matter of starting it here. >> good morning. thanks for joining us here. >> reporter: while steve jobs liked to avoid the spotlight, he also thrived on it. it was as if he was selling products that were pieces of his own soul. he was inventor, pitchman and new wave pid piper all in one. big boss coming through. big boss, people. look alive. >> reporter: tim cook is just a different guy. while he believes in the almighty product just as much. >> how are you not steve jobs? >> in many ways. one of the things he did for me that removed a gigantic burden that would have normally existed is he told me on a couple of occasions before he passed away to never qu
CNBC
Dec 7, 2012 5:00pm EST
, educational material and so much more. here is what is coming up next. >>> now there is a winning bid. mike and carter made a bullish bet on ebay. with the stock up 9% they have nearly doubled their cash. how did they do it? find out when "options action" returns. >>> the names that were heating up. need a neighborhood pharmacy this drawing store chain is at the corner of happy and healthy. options traders rushed to stock up on calls. who is it? the answer when "options action" returns. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures
CNBC
Dec 9, 2012 7:30pm EST
research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back, the musical "the lion king" marked 15 years on broadway. the story of a lion cub raised by a wart hog and meerkat was a hit for disney, since opening in november of 1997. it has become the highest grossing broadway musical in history. julie taymor told me how she turned a two dimensional film into a live experience that has been playing the world over. >> you were first woman to win the tony for "the lion king" highest grossing musical bringing in a $6 billion. did you envision such success? >> no. >> talk to us about what you were expecting. bringing a cartoon to broadway. >> i don't know if i had any expectations about the commercial success. the producers wanted what i had done in the theater. been in theater all my life. there is a clash, a bit of a tension between giving the audience what they think they want, especially in a big known piece like "the lion king"
CNBC
Dec 12, 2012 6:00am EST
product coming up? >> i think education is coming up. there is too much regulation and areas we can't touch with unions and bureaucracy. especially college education. college education going online will be big in the next five years. >> do you have investments in that? >> the have an investment in the guy who did the google car doing online education, a stanford professor and decided online education is next and google didn't want to do it and we're backing him and it will be fun to see. >> marc andreessen, thank you for being here. send it back to the studios. >> this is embarrassing. she is like throwing herself at the camera. i've never seen this side of you. >> there's so few voices willing to say what he said out loud. >> andrew, we asked him to guest host. he can talk the disrupter stuff and politics. >> he's the ultimate disrupter. >> another guy came out. will you do that? >> marc? >> we will have him come out. he's on his way back. >> becky will be back by then so you don't have to worry about me. >> right. exactly. got it. >> she'll leave the ring. >> need some muscle to k
CNBC
Dec 5, 2012 5:00pm EST
achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to underst
CNBC
Dec 6, 2012 11:00pm EST
of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here in the united states, we're sitting on titanic amounts of energy that's both cheaper and cleaner than coal or oil, talking about natural gas. but we end up burning off millions of cubic feet of it every day because we don't have enough demand since our government refuses to support embracing nat gas for surface vehicles. while we probably aren't going to use it ourselves, last time we got good news in the form of an important government report commissioned by the department of energy that gave its blessing to the idea of exporting the fuel via liquefied natural gas terminals. it's a positive for the natural gas stocks. maybe the biggest beneficiary, and you might not have thought of it, dominion resources, letter "d." it's a major utility providing electricity to customers in virginia, west virginia, pennsylvania, ohio and north carolina. the company used to have an oil and gas business but sol
CNBC
Dec 7, 2012 4:00pm EST
schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the hoover institution. he joins us with his reaction. would you give it a, what, out of ten? >> i gave you part of the answer too, by the way. you're welcome. >> out of ten, what score would you give this report, ed? >> i
CNBC
Dec 7, 2012 6:00pm EST
you save some money. my job is not just to entertain you but i'm trying to educate and teach you. call me. 1-800-743-cnbc. you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is mo
CNBC
Dec 5, 2012 4:00am EST
into education, into science, into infrastructure as well and he'll be talking about the infrastructure initiatives including more must be for small to medium size businesses, more money for power stations as well. but it really looks like he's got very little room for maneuver. the opposition, he'll get that and say this is your fault, these are your policies. mr. osbourne will turn around and say look what's turning around you. look what's going on in the financial sector. look what's going on in the eurozone as well where unemployment is actually on the surface much worse than it is in the united kingdom. so it's going to be the usual ding dong battle of theatre. but i doubt we'll see many new initiatives that haven't been leaked already, ross. >> yeah, you only have to read the papers today and everything seems to be in there. i think you've done a very good two and a half-minute analysis of everything we might get. well-done. we'll come back to you later. get a cup of coffee, stay warm. julian joins us with his own thoughts. steve got into all the details. he's laid it all out for
CNBC
Dec 5, 2012 12:00pm EST
... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ it's part of what you slove about her.essing.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if yo
CNBC
Dec 10, 2012 6:00pm EST
you, to educate. so call me at 1-800-743-cnbc. do we pay too much attention to apple? do we pay too much attention to the fiscal cliff excluding everything else? with the dow up 15 points, nasdaq rising 5.30%. we talk about how the transports farewell, or how i like the new honey well application. where you should buy the aig over the dip. it's fun for us to puzzle over the strength of hewlett packard. deckers down $3 because of the warm weather impact on uggss that what's behind coach today? that's what i regard as productive use of my time. but unfortunately, that's not the case for many of you and in many ways, it's not what you need to hear. in fact all those issues i just mentioned, aren't even mildly important after the big things we battle every day. first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati withou
CNBC
Dec 6, 2012 6:00am EST
shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> avoiding the cliff or g
CNBC
Dec 7, 2012 6:00am EST
next year. >> there are skills that have left the u.s. not necessarily education, but stopped producing that. >> how do we get that back is this. >> it's a converted effort to get them back. and with this project that i've talked about are we do a mac in the united states next year, i think this is another good step for us. >> software sales declining by 11% from last year, still better than 13% drop analysts had been expecting. hardware sales were down 13% while accessories dropped by 8%. >> and the john mcafee saga continues to unfold. the software guru is now back in a detention center in guatemala. he was taken to a hospital yesterday for what his lawyer described as two mild heart attacks. mcafee's attorney says his client suffers from anxiety and hypertension. the software pay near is being held by guatemalan authorities for entering the country illegally from belize. he fled belize after authority wanted to question him about the death of one of his neighbors. mcafee said the police were behind all of this, he's been set up in all of this, but he's also -- >> tattoo on his arm. >
CNBC
Dec 7, 2012 9:00am EST
investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> netflix receiving a wells notice by the s.e.c. saying they violated public disclosure rules with a facebook post. jewulia boorstin has details on this. >> this raises two big questions. first, is facebook a platform for public disclosure and second, was the information disclosed by hastings material? take a look at what hastings posted on facebook on july 3rd. that's his post there. he told his 200,000 plus subv e subscribers that netflix viewing exceeded hours in june. look at trading activity on july 3rd and july 5th. hastings posted mid morning on the 3rd. that day netflix shares had the biggest gain in six weeks. that was followed by a 13% gain on july 5th which was the next trading day because of the july 4th holiday. hastings points to the fact that the stock started to rise well before his mid morning post. hastings says the gains of the day were likely driven by a positive citigroup report which gave netflix a target price
CNBC
Dec 4, 2012 9:00pm EST
at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >> after steve jobs died in 2011, there was an outpouring of gratitude from his fans for the way his inventions changed their lives. among the most passionate are parents of children with severe forms of autism, especially those who can't speak and appear hopelessly locked inside themselves. those parents often say these kids understand more and know more than they're able to communicate. well, now with the help of the ipad and other tablet computers, some of those parents are finding out they were right. as lesley stahl first reported in october 2011, it turns out that with specially designed applications, or apps, these computers are helping to unlock the isolation of people like joshua hood. >> imagine spending your life having conversations like this. "p." "l." having to poke out words on a laminated piece of paper one letter at time. "c," plastic. it was so frustrating for josh, his mother, nancy, says he would often give up and retreat int
CNBC
Dec 5, 2012 4:00pm EST
in education and infrastructure, things that are good for the long-term growth prospects of this economy. we're going to look at the overall mix through that basic prism. >> i want to ask one final question about leadership. the center piece of your stance on the negotiations is to raise taxes on the wealthy. >> that's not the center piece of our plan. the center piece is a balanced mix of spending reforms and tax reforms that preserve the ability for us to invest in things that are absolutely essential to our ability to grow in the future. >> but so far, when it comes to raising taxes on the wealthy, one thing we know about that from all the polls is it's very popular. it's not something in which you're expending political capital to make that happen. tell me again where the president is exercising leadership -- >> i wouldn't say it's ever popular. look at the history of american politics the last 30 years or the last 40 years. never popular to do what this president did, which is to try to explain why it's important for there ato be a modest amoun of tax increases on wealthy americans. we'
CNBC
Dec 7, 2012 3:00pm EST
's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> here's a story for all of us to pay attention to. think twice about posting negative reviews about a business on the internet because it could land you in court depending on what you say. it's what happened to jane perez. she criticized work a contractor did on her townhouse and suggested some valuables were missing as a result. here are some photos of what she describes as botched home repairs by the contractor whose name is chris deets. >> last month the contractor fired back with a $700,000 defamation lawsuit. this week a judge ordered some of those allegations to be taken down. the court still must decide whether there are grounds for a defamation case. chris is the contractor and joins us now to make his case. we were also supposed to hear from jane, who de
CNBC
Dec 10, 2012 4:00pm EST
insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains have never been taxed before, because they've never been realized. they've never been sold in the market. >> okay. okay. we have to unfortunately leave it there. we've got time constraints. apologies to robert frank. >> they sucked all the oxygen out of the room. that's okay. dan and jared making nice right there. >> is that making nice? >> that was them making nice. >> okay. >> thank, guys. >>> talk about bang for your buck. mercedes are putting pedal to the metal for your money. >> wait until you hear about the unprecedented deals that are out there. and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. [ male announcer ] you are a
CNBC
Dec 11, 2012 9:00pm EST
, i don't believe it is. >> kurt landgraf is president of the educational testing service, which administers the test for the college board and is responsible for s.a.t. test security. >> this is not a common occurrence. >> how many impersonations did e.t.s. discover last year? >> about 150. >> but in reality, that's the 150 you know about. that doesn't mean there were only 150 impersonations. >> absolutely. >> landgraf says, according to their data, of the three million students who take the s.a.t. every year, more than 99% do so honestly. his organization spends $11 million on s.a.t. test security annually. do you know how many times sam eshaghoff took the s.a.t.? >> actually, i don't. >> 16 times. does that surprise you? >> no. >> does it concern you about the integrity of your test? if one teenage kid can do that 16es, all that we know about from him alone? >> yeah, so the integrity of the test, the validity of the test score, is the primary concern of e.t.s. and the college board. since i believe that almost all the students take the test honestly, with integrity, and the s
CNBC
Dec 6, 2012 4:00am EST
. >> i think you see two sorts of measures. big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have one of the lowest corporation tax rates of any major economy in the world. we've just cut it so that it will be 21%, much lower than our competitors. and we've also greatly increased the allowances for small and medium sized firms so they can invest and expand. so where we've been able to help businesses, we've absolutely done that, and we've had very positive reaction from the business community. >> how concerned are you about the aaa rating and the risk that we continue to drift, still need to cut more and boost growth? >> well, we've got to go on commanding the confidence of the world that we can deal with our debts. that is reflected in the very, very low interest rates that we get at the moment for gilts. and of course that's the test, how much are investors will to go pay for our money f debt. and it scheme that failed to solve the problem and funding for lending hasn't delivered yet. we thought we would get more details about
CNBC
Dec 10, 2012 9:00am EST
of education, or some of these mosquito abatement, so it's in essence to get that money? >> yes, it's overlapping local government districts that, yeah, pay for all sorts of things. >> okay. now before this involvement, what was the limitation of restriction in getting that money that caused this to develop? >> oh, this was in the 1800s, and the state limited the amount of debt that municipalities could carry. so, to get around that debt limit they created, you know, all sorts of different taxing districts that overlap. >> now what's the second largest in terms of fifedoms? >> pennsylvania. which has a similar township system. a lot of very, very tiny governments. >> another state that is far from economic engine, locomotive with a lot of horsepower. and then beyond those two, beyond illinois and pennsylvania, what happens there, whet? >> then it starts to correlate a lot more with the size of the state. illinois and pennsylvania are really outliers in terms of the number of governments compared to the number of people we have. >> i find this really fascinating at this point in hist
CNBC
Dec 5, 2012 9:00am EST
currency trading on fridays 5:30 eastern and if you want more education about currencies, go to currency class@money motion.cnbc.com. >>> a bigger than expected slide in the past week down by 2.4 million barrels. crude supplies fell by 2.4 million barrels. 7.9 million barrels was the rise in gasoline inventories. then we are also looking at fuel supplies that were up by 3 million barrels. up by 3 million barrels. we are looking right now at a sell-off in the oil market. we're still holding above the $88 mark for wti crude futures. we're also looking at lower prices for gasoline because of that huge build we saw and higher prices for heating oil. a proxy for diesel fuel and reflecting the distillate fuel supply number. bigger builds than were anticipated for gasoline and a bigger decline than was expected for crude supplies. send it back to you. >> thank you so much. when we come back, deal making in a post-fiscal cliff world. faber has an exclusive interview with the ceo of investment bank moelis and company. more in just a moment. >> announcer: the holiday season is here and that means
CNBC
Dec 5, 2012 6:00am EST
. and his point is there needs to be an education process -- >> i don't pre-judge the choices people make, right? you can make the decision that you want universal health care. >> you need to know -- >> here's what it looks like, what it costs, and obviously the discussion we never have is the opportunity cost, as well. and something that economics -- >> and i asked steny hoyer that question for a reason, you know how the house works. and rick, i'll say this to you, you can tell those guys in the house until you're blue in the face that i won the election and i made it about higher taxes and that still doesn't mean they have to -- you need those guys to pass the law, right? >> that's right. that's right. >> they got elected too. >> the saddest part. the saddest part is that people as smart as the people around that table up there would think that they're going to get the answer of what's truly best for the long-term health of this country by polling. that's why we're not really a democracy -- democratic republic, we're a republic! >> once again, if you -- >> do you want to get hit on the
CNBC
Dec 12, 2012 9:00am EST
and infrastructure and education. we need some rule changes to right size. >> what are you recommending, glenn? if you could get in on that conversation with the speaker and the president, what would you say? >> i think for our next year conversation, we need a budget rule that says, look, when we change our liabilities in social security and medicare, we have to ask the congress to pay for them. they either have to raise taxes or cut some other spending. that forces the congress to think about the mix between taxes, spending outside of the entitlements and spending on the entitlements. that's just not something our framers thought about. we didn't have a welfare state in those days. >> glenn, are you all right? >> i'm fine. >> apologize for that. >> that's okay. >> you never know what's going to happen. >> that's what happens when you criticize the welfare states. >> glenn, another big conversation we need to have as a nation is what percentage of gdp should that spending be? what has it been in the past? is there sort of a historical norm as to which that percentage has been? >> the long-ter
Search Results 0 to 44 of about 45 (some duplicates have been removed)